interest-free loan
Debt without charges
An interest-free loan is money borrowed without any charge for borrowing it—the borrower repays only the principal amount.
These arrangements typically occur between family members or friends, through religious institutions that prohibit interest, or as promotional financing: The store offered an interest-free loan for appliances.
Some government programs provide interest-free loans for education or small businesses.
- borrowingTemporary taking of another's
- lendingTemporary provision of resources
- repaymentGiving back what's owed
- principalChief school administrator
- down paymentInitial sum toward purchase
borrowed money · installments · microfinance · financial assistance · charity · benevolent · generosity · no strings attached · goodwill · good faith · trust · handshake · pay it forward · payback · nonprofit · community · solidarity · credit-union
- Islamic commerceIslamic finance, Islamic banking, dinar, dirham, business transactions
- informal creditIOU, tab, marker, chit, bar tab
- Islamic charityzakat, alms, almsgiving, poor tax, charitable giving
interest-free loanpayday loan
High-interest short-term borrowing
subprime loan · credit card debt · title loan · adjustable-rate mortgage
interest-free loanloan sharking
Illegal lending at excessive interest
predatory lending · usury · loan shark · payday loan · debt trap
interest, free, loan, interests, interested, interesting, interestingly, disinterested, uninterested